Eagle Mountain Condo Market
Annual Report: 2009
| Median Condo Price
(Sold) |
$121,765 |
| Average Condo Price
(Sold) |
$123,763 |
| Low Condo Price
(Sold) |
$88,000 |
| High Condo Price
(Sold) |
$187,00 |
| Number of Condos Sold |
54 |
| Average Days on Market Until Sold |
81 |
________________________________________________________
|
Demand
|
Condo demand in
Eagle Mountain, UT has
increased slightly since
our last report.
Condos in Eagle Mountain
average 81 days
listed on the market
until sold, that is
nine days less than
the state average. Over the
past year, 54 condos
sold in Eagle Mountain.
|
|
Supply
|
At the time of this
report there were 32
Eagle Mountain condominiums
listed on the market
for sale. That
represents a 7 month supply,
2 months less than the
state's average
supply. |
|
Price
|
The median price
for condos sold in
Eagle Mountain during 2009 is $121,765,
a $17,000 price
drop. Condos in
Eagle Mountain
cost an average of
$59,637 less than
the state average,
quite a bargain for
most buyers.
The
margin between the
highest price condo
and the lowest price
condo is $99,000. |
|
Conclusion
|
The Eagle Mountain
condo market
currently is a
Buyer's market.
Eagle Mountain's low
prices are
attractive, however,
the long commute
time is difficult
for most buyers. The
ever looming fuel
price increases make
the distance a
difficult factor for
many condo buyers. You can
compare our 2009
study with our 2008
study by clicking on
the following link:
Eagle Mountain Condos 07-08. |
Source: Wasatch Front Regional Multiple Listing Service and
condosUtah.com.
Figures are deemed reliable
but not guaranteed.
2007-2008 Eagle Mountain Condo Statistics
________________________________________________________
Search for Eagle Mountain Condos
Barry J. Preusz,
REALTOR®, Downtown Salt Lake City Condo Specialist,
Equity Real Estate,
7090 Union Park Center, Midvale Utah, 84047
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.com
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|
